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Oil back above $110 after expletive-laden Trump threat to Iran
NewsWorldMiddle EastOil back above $110 after expletive-laden Trump threat to IranTrump issues new ultimatum to Tehran to end its chokehold over major Persian Gulf waterwayShweta Sharma Monday 06 April 2026 06:22 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":true,"showBookmark":true,"articleId":"b2952301...
Gold price increases by Rs1,100 in local market
Gold prices surged on Monday, the first trading day of the week, in both international and local markets, while silver prices declined. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), gold per tola increased by Rs 1,100 to Rs 491,462, while the price per 10 grams rose by Rs 943 to Rs 421,349. "Silver prices fell, with the per tola rate dropping by Rs 50 to Rs 7,744 and the 10-gram price decreasing by Rs 43 to Rs 6,639," it said. Read: Gold, silver...
UAE’s Borouge says ‘significant’ production sold in March via alternative routes
[Editor's Note: Follow Khaleej Times live blog amid US-Israel-Iran war for the latest regional developments.]Borouge on Monday said it was able to sell a significant proportion of its production in March through alternative routes despite the ongoing regional conflict.The Abu Dhabi-based petrochemical giant assured that it has significant available liquidity to deal with short-term challenges.The company’s facility was hit by falling shrapnel and debris after the UAE armed forces succ...
Philippines: ₱16-billion contract for Manila Subway's airport T3 station, tunnels awarded
Manila: The Department of Transportation (DoTr) has awarded a ₱16.06-billion ($270 million) contract for the construction of an underground station at Ninoy Aquino International Airport (NAIA) Terminal 3 and its connecting tunnels under the Metro Manila Subway Project.The project was formally granted to the joint venture of TAISEI Corp. and D.M. Consunji, Inc. following the issuance of a Notice of Award dated March 26, 2026 by the Rail Bids and Awards Committee.Get updated faster and for FREE:...
Woman with kidney disease desperately needs a donor, then something amazing happens
Woman with kidney disease desperately needs a donor, then something amazing happensThere is nothing worse than a member of your family or a close friend becoming unwell or being diagnosed with a life-long illness such as kidney diseaseCommentsNewsAbigail Nicholson Content Editor06:04, 06 Apr 2026View ImageA woman with kidney disease had a doner hiding in plain sight(Image: GRAHAM YOUNG)A woman with kidney disease who desperately needed a doner for a transplant was amazed when doctors found a don...
Hong Kong’s MPF set to report worst performance in 3 years in March
Hong Kong’s Mandatory Provident Fund (MPF) is poised to report a loss of over HK$100 billion (US$12.8 billion) for March this week, its worst monthly loss in dollar terms since its inception 25 years ago. The sharp fall in global stock markets last month hit the MPF hard, while the uncertainties ahead stemming from the Middle East conflict have led the pension regulator and analysts to urge the 4.8 million members to adopt a diversified approach. The 378 MPF investment funds suffered a HK$103.3....
Ships With Qatar LNG Attempt First Hormuz Exit Since War Started
Two tankers carrying liquefied natural gas from Qatar appear to be heading toward the Strait of Hormuz, and an exit from the Persian Gulf would mark the first export to buyers outside of the region since the war started.
Gold rate today in Pakistan – April 6, 2026
Gold rates recorded a notable increase in both international markets and Pakistan on April 6, 2026. According to figures released by the All Pakistan Sarafa Gems and Jewellers Association, the price of gold per tola in Pakistan rose by Rs1,100, reaching Rs491,462. Similarly, the price of 10 grams of gold climbed by Rs943 to settle at Rs421,349. The upward trend was in line with developments in the global bullion market, where the price of gold per ounce increased by $11, reaching $4,687. In cont...
Abu Dhabi authorities confirm one injury from falling shrapnel following incident
[Editor's Note: Follow Khaleej Times live blog amid US-Israel-Iran war for the latest regional developments.]The competent authorities in Abu Dhabi are dealing with an incident resulting from the fall of shrapnel on Raneen Systems Company in Musaffah, ICAD City. Abu Dhabi Media Office confirms that the incident is a result of a successful interception by air defences, which resulted in a Ghanaian national sustaining moderate injuries.Stay up to date with the latest news. Follow K...
Dubai gold slips Dh3 early Monday as ceasefire hopes cool safe-haven demand
Dubai: Dubai gold prices opened the week softer, tracking a pullback in global bullion markets as geopolitical signals turned mixed and investors reassessed risk. (Check latest UAE gold prices here, alongside prices in Saudi Arabia, Oman, Qatar, Bahrain, Kuwait, and India.)Sign up for our daily business newsletter, Cheques & Balances.At 8.15am, 24K gold was priced at Dh560.50 per gram, down from Dh563.50 on Sunday. The 22K variant slipped to Dh519 from Dh521.7...
Hedge Funds Turn Bullish on Wheat for First Time in Four Years
Hedge funds have turned net bullish on wheat for the first time in nearly four years, betting on higher prices driven by dry weather in the US and a shortage of fertilizer and fuel arising from the war in the Middle East.
Sindh launches People's Motorcycle Fuel Subsidy Programme
Sindh Chief Minister Murad Ali Shah on Monday inaugurated the People's Motorcycle Fuel Subsidy Programme, demonstrating the registration process under which registered motorcycle owners will receive a subsidy of Rs57 per 20 litres of fuel. The provincial government will cover an additional Rs100 per litre. In response to surging petrol prices and the ongoing energy crisis, the Sindh government announced on Friday a monthly subsidy of Rs2,000 for registered motorcyclists across the prov...
Check your superannuation now: Urgent warning issued to thousands after Aussie loses life savings after fund collapses
Check your superannuation now: Urgent warning issued to thousands after Aussie loses life savings after fund collapsesREAD MORE: Barefoot Investor warns thousands have lost their life savings By SARAH BROOKES - SENIOR REPORTER, AUSTRALIA Published: 05:22, 6 April 2026 | Updated: 05:28, 6 April 2026 e-mail View comments
Testing out alternative oil routes
The global energy crisis continues to grow, with no end in sight. When President Trump came to address the nation on April 1, he had few answers to the question surrounding the closure of the Strait of Hormuz, and the steps to reopen the narrow shipping lanes, responsible for shipping 20 per cent of crude oil and 30pc of liquefied natural gas to the world markets, especially Asia. The speech failed to cool oil markets, as escalating tensions with Iran crushed ceasefire hopes and reignited bullis...
Railways fares to remain unchanged for three months after govt subsidy in Punjab
LAHORE: In a bid to keep the current fares and freight charges unchanged for three months to facilitate passengers and goods transport customers, the federal government will pay around Rs6 billion to Pakistan Railways (PR) for the increase in operational costs due to the recent increase in diesel prices. “The increase due to the massive surge in diesel price amounts to around Rs1.9 billion per month and the total difference for three months, till June 30, jumps to about Rs6 billion as calculated...
Solar stays attractive even without net metering amid fuel price hike
• While new rules weaken incentive to sell excess power to grid, consumers turn to solar energy mainly to manage electricity bills • Smaller, need-based systems gain popularity among households • Vendors say demand persists as citizens fear massive increase in power price KARACHI: On a sunny afternoon in Karachi, 38-year-old Ali Hassan inspects the small display linked to the inverter in his living room. The device displays how much electricity his rooftop solar panels have produced since mornin...
Sick pay rule changes to benefit up to 9.6m UK workers, TUC says
Union says new entitlements, part of Employment Rights Act 2025, will help lower-income householdsUp to 9.6 million UK workers are to benefit from the changes to sick pay rules, according to unions. They say the policy has widespread support from voters despite pushback from some businesses.From Monday, about 8.4 million workers who rely on statutory sick pay – the minimum amount employers must pay – will be paid from the first day of becoming ill rather than from day four, according to an analy...
Unsustainable rise
PAKISTAN’S population debate has seen moments of concern, followed by long stretches of inaction. The health minister has recently warned that the country could become the world’s fourth most populous nation within five years. This projection has huge implications and should dispel any remaining complacency. Already home to over 255m people, Pakistan is adding roughly 6.2m individuals every year, a figure larger than the entire population of some countries. It is...
Corporate hopes amid global tensions
Corporate Pakistan sees recent diplomatic gains lifting the country’s global standing and expect this to translate into tangible economic relief. Businesses here remain cognizant of the risks but are still identifying opportunities amid shifting global dynamics and persistent volatility. They are wary of populist relief measures that may backfire and instead call for long-term, investment-friendly policies to enable wealth creation and sustainable, inclusive growth. T...
UAE buyers warned of rain-damaged cars entering market despite limited impact from heavy rains
After the UAE experienced heavy rainfall last week, recording almost two years’ worth of rains in a single day, car dealers say the impact remains far less severe than previous floods due to improved preparedness.At the same time, industry executives say it is still too early to assess the full scale of the damage, saying it would require a few more weeks for the picture to be clearer.“We are still in the early stages of understanding the overall impact,” said Rahul Singh, managing director of...